Tesla Gains Support From White House Petition

Consumers want convenience, but auto dealers want less competition... or do they? In the video below, Motley Fool contributor Daniel Sparks shares the latest on Tesla Motors' (NASDAQ: TSLA  ) efforts to sell its cars directly to consumers, bypassing the traditional franchise system. As the argument rages on, Daniel explains that Tesla made significant progress last week with a White House petition. 

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Read/Post Comments (8) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On July 08, 2013, at 10:51 AM, simonvielma wrote:

    Very misleading headline, and you suck at reading what you are saying on the video

  • Report this Comment On July 08, 2013, at 10:54 AM, autoinsider wrote:

    Tesla vs. the trillion dollar Big Three and Foreign manufacturers dealer lobby. You know what you can do with that White House petition.

  • Report this Comment On July 08, 2013, at 10:57 AM, Grumpycat wrote:

    Profit in first Q due to tax credits,

    amount of vehicles sold in Q1 due to pent up demand,

    ability to pay back loan due to generosity of shareholders by virtue of short squeeze and lots of hype.

    White House petition is meaningless, might as well

    petition for no pay raises for congress,

    Auto Dealers Associations are state controlled,

    Barrack Hussein can't change that, nor should he be able to.

  • Report this Comment On July 08, 2013, at 11:33 AM, caarecengi wrote:

    The one thing going for TSLA is this: No one likes the experience at an auto dealership. The salesmen are on commission, so they're under pressure to sell, and the "closers" they bring in to strong arm you may as well be wearing a uniform, sporting a thick German accent and brandishing a swagger stick.

  • Report this Comment On July 08, 2013, at 12:43 PM, SinicaLass wrote:

    Everything Tesla has been challenged by something that "could not be done", they have managed to silence the naysayers. The facts is that pessimists NEVER succeed but persistent optimists sometimes do.

  • Report this Comment On July 08, 2013, at 12:44 PM, BELIEVEMETHIS wrote:

    Does anyone remember a man named "Tucker" ?

  • Report this Comment On July 08, 2013, at 1:49 PM, Dadw5boys wrote:

    Tesla does not need 100's of Auto Repair Techs in every citiy only one tech can cover 100's of miles and bring the repair shop to the car.

  • Report this Comment On July 08, 2013, at 4:17 PM, SinicaLass wrote:

    Tucker was neither innovative and disruptive, nor a particularly good car. Certainly not a car of the year or a perfect score....

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